Fulton Georgia Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Fulton
• Control #: US-CC-20-174D
• Format: Word; Rich Text

Description

20-174D 20-174D . . . Restricted Stock Incentive Plan under which Compensation Committee selects participants, determines number of shares of common stock covered by each grant, establishes appropriate performance measures, and chooses appropriate corporation peer group. The number of shares granted is equal to a percentage of participant's base salary for first calendar year of each three-year program. The base salary percentage target of first three-year grants range from 10% to 35%; maximum base salary grant permitted by Plan may not exceed 70% of participant's base salary. After end of a Performance Period, Committee determines adjustments, if any, that are required to be made to share grants for Performance Period based on actual results under Performance Measures (performance of corporation versus its peer group) for such Performance Period. After adjustments, restrictions on shares held by participant are lifted as to 1/3 on July 1 immediately following Performance Period and additional 1/3 increments on the first and second anniversaries of such July 1, provided participant is still employed by corporation on such date. If participant ceases to be employed by corporation before restrictions lapse on shares held by him or her, shares still subject to restrictions are immediately forfeited The Fulton Georgia Long Term Performance and Restricted Stock Incentive Plan, offered by INALCOL Enterprises, Inc., aims to provide long-term incentives and rewards to its employees while aligning their interests with the company's growth and performance. This plan is designed to motivate and retain key talent, driving the success of the company in both the short and long term. Under this plan, eligible employees are awarded restricted stock units (RSS) or performance-based stock units (Plus) as a form of compensation. These units may vest over a specified period, subject to certain performance conditions or time-based restrictions. Keywords: Fulton Georgia Long Term Performance and Restricted Stock Incentive Plan, INALCOL Enterprises, long-term incentives, restricted stock units, RSS, performance-based stock units, Plus, compensation, vesting, performance conditions, time-based restrictions. Different Types of Fulton Georgia Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc.: 1. Fulton Georgia Long Term Performance Restricted Stock Incentive Plan for Executives: This specific plan caters to the executive level employees of INALCOL Enterprises, Inc. Such participants often receive a higher number of RSS or Plus, reflecting their significant role within the organization. The plan may include additional performance metrics or targets unique to executives. 2. Fulton Georgia Long Term Performance Restricted Stock Incentive Plan for Staff and Management: This plan is tailored for staff members and mid-level management personnel. It offers a balanced package of RSS and/or Plus based on the employee's position, performance, and potential impact on the company's long-term success. 3. Fulton Georgia Long Term Performance Restricted Stock Incentive Plan with Performance Conditions: A variation of the plan may include specific performance conditions, such as revenue growth targets, market share increase, or achieving certain financial ratios. Participants' RSS or Plus will vest only if these predefined conditions are met or surpassed. 4. Fulton Georgia Long Term Performance Restricted Stock Incentive Plan with Time-Based Vesting: This version of the plan focuses on time-based restrictions, where employees receive a certain percentage of RSS or Plus each year until the total grant is fully vested. This provides an incentive for continued dedication and loyalty to the company over an extended period. By implementing the Fulton Georgia Long Term Performance and Restricted Stock Incentive Plan, INALCOL Enterprises, Inc. aims to foster a high-performing workforce, increase employee commitment, and drive long-term growth and profitability.

The Fulton Georgia Long Term Performance and Restricted Stock Incentive Plan, offered by INALCOL Enterprises, Inc., aims to provide long-term incentives and rewards to its employees while aligning their interests with the company's growth and performance. This plan is designed to motivate and retain key talent, driving the success of the company in both the short and long term. Under this plan, eligible employees are awarded restricted stock units (RSS) or performance-based stock units (Plus) as a form of compensation. These units may vest over a specified period, subject to certain performance conditions or time-based restrictions. Keywords: Fulton Georgia Long Term Performance and Restricted Stock Incentive Plan, INALCOL Enterprises, long-term incentives, restricted stock units, RSS, performance-based stock units, Plus, compensation, vesting, performance conditions, time-based restrictions. Different Types of Fulton Georgia Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc.: 1. Fulton Georgia Long Term Performance Restricted Stock Incentive Plan for Executives: This specific plan caters to the executive level employees of INALCOL Enterprises, Inc. Such participants often receive a higher number of RSS or Plus, reflecting their significant role within the organization. The plan may include additional performance metrics or targets unique to executives. 2. Fulton Georgia Long Term Performance Restricted Stock Incentive Plan for Staff and Management: This plan is tailored for staff members and mid-level management personnel. It offers a balanced package of RSS and/or Plus based on the employee's position, performance, and potential impact on the company's long-term success. 3. Fulton Georgia Long Term Performance Restricted Stock Incentive Plan with Performance Conditions: A variation of the plan may include specific performance conditions, such as revenue growth targets, market share increase, or achieving certain financial ratios. Participants' RSS or Plus will vest only if these predefined conditions are met or surpassed. 4. Fulton Georgia Long Term Performance Restricted Stock Incentive Plan with Time-Based Vesting: This version of the plan focuses on time-based restrictions, where employees receive a certain percentage of RSS or Plus each year until the total grant is fully vested. This provides an incentive for continued dedication and loyalty to the company over an extended period. By implementing the Fulton Georgia Long Term Performance and Restricted Stock Incentive Plan, INALCOL Enterprises, Inc. aims to foster a high-performing workforce, increase employee commitment, and drive long-term growth and profitability.